1. Panacea Biotec, Tata Communications, Gujarat Gas among 8 stocks that remained in news today

Panacea Biotec, Tata Communications, Gujarat Gas among 8 stocks that remained in news today

Gujarat Gas rallied over 10 per cent intraday after the company announced that the Petroleum and Natural Gas Regulatory Board (PNGRB) granted permission to develop city gas distribution network (CGD) in Ahmedabad, Gujarat.

By: | New Delhi | Updated: June 28, 2016 3:45 PM
Sensex Nifty stocks in focus Panacea Biotech was locked at upper circuit limit after the pharma major introduced indigenously developed high quality antidiabetic drug, Tenepan (Teneligliptin), for treatment of type 2 diabetes mellitus. (Reuters)

The BSE Sensex and NSE Nifty ended in green on Tuesday on account of buying in frontline blue chip counters taking cues from global counterparts.  Sensex closed 121.59 points up at 26524.55, while Nifty 50 index settled 33.15 points up at 8,127.85.

Below are 8 stocks which remained in news today:

Panacea Biotec: Panacea Biotech was locked at upper circuit limit after the pharma major introduced indigenously developed high quality antidiabetic drug, Tenepan (Teneligliptin), for treatment of type 2 diabetes mellitus.

Bharti Infratel: Bharti Infratel gained over 3 per cent after the company announced that its proposed buyback of equity shares would commence on July 12, 2016 and close on July 25, 2016. The company proposed buyback of 4.70 crore shares at Rs 425 per share.

Gujarat Gas: Gujarat Gas rallied over 10 per cent intraday after the company announced that the Petroleum and Natural Gas Regulatory Board (PNGRB) granted permission to develop city gas distribution network (CGD) in Ahmedabad, Gujarat.

Read more: STOCK MARKETS COVERAGE

Siemens Ltd: The company announced that it has won an order worth approximately Rs 570 crore to supply Static Synchronous Compensator (STATCOM) solutions to Power Grid Corporation of India Ltd. Shares of the company jumped over 2 per cent on Tuesday.

Tata Communications: Liquid Telecom, a privately owned, pan-African telecoms group, majority owned by Econet Wireless Global, on Tuesday announced that it has entered into an agreement to acquire South African communications network operator Neotel. The shareholders of Neotel – Tata Communications of India and minority shareholders led by Nexus Connexion – have agreed for Liquid Telecom to acquire Neotel for ZAR6.55 billion. Liquid Telecom is partnering with Royal Bafokeng Holdings (RBH), a South African empowerment investment group, which has committed to take a 30 per cent equity stake in Neotel. Shares of the company closed 1.67 per cent up at Rs 457.10.

Tata Global Beverages: Starbucks Corp, an American coffee chain, looks to expand availability of mineral water Himalayan, bottled by Tata Global Beverages, to Singapore later this year. Plans are also afoot to introduce the bottled water brand in Starbucks stores in China and the Asia-Pacific region. Shares of the company closed 1.31 per cent up at Rs 127.65.

Satin Creditcare Network: The microfinance lender on Monday said it plans to raise Rs 100 crore by issuing bonds on a private placement basis. Shares of the company closed 4.53 per cent up at Rs 515.

Punj Lloyd: Punj Lloyd Ltd has now informed BSE that Singapore High Court has approved in its hearing dated 27 June 2016, the application for placing both PLPL and SEC under Judicial Management. Punj Lloyd shares jumped over 7 per cent on Tuesday.

 

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