1. Uttam Galva Steel, Setco Automotive among 7 stocks that hogged limelight in Thursday’s trade

Uttam Galva Steel, Setco Automotive among 7 stocks that hogged limelight in Thursday’s trade

Uttam Galva Steel Ltd shares closed 12.41 per cent up at Rs 33.05 after TV reports said the company may soon be put on the block soon as it debt stands at Rs 3,637 crore.

By: | New Delhi | Updated: June 30, 2016 4:52 PM
Stocks that hogged limelight today Uttam Galva Steel Ltd shares closed 12.41 per cent up at Rs 33.05 after TV reports said the company may soon be put on the block soon as it debt stands at Rs 3,637 crore.

The BSE Sensex and NSE Nifty rose a percentage point on Thursday following firm global cues amid hopes that the long-awaited GST Bill may be passed in the upcoming monsoon session of Parliament. Sensex surged 259.33 points to close at 26,999.72, while Nifty climbed 83.75 points to end at 8,287.75.

Below are 7 stocks which hogged limelight today

Torrent Pharmaceuticals: Stocks of the company ended 1.44 per cent up at Rs 1370.55 after it entered into a binding agreement to acquire the Vizag API manufacturing unit of Hyderabad-based Glochem Industries’ along with a few Drug Master Files (DMF) as a going concern on slump sale basis. The company currently has five formulation manufacturing units and with this acquisition it will have 3 API facilities for the regulated markets.

Gayatri Projects: Shares of the company closed 1.09 per cent up at Rs 629.10 after Hyderabad-based infrastructure and construction company bagged a contract worth Rs 306 crore for the four laning of a highway on the Andhra Pradesh-Tamil Nadu border.

Majesco: Stock of the company were trading 1.94 per cent up at Rs 539.60 after the company informed bourses that iSIGN has joined Majesco’s partner ecosystem.  Through this strategic partnership, Majesco will use iSIGN’s electronic signature solution to deliver Majesco’s solutions to its insurance customers enhancing their digital footprint.

Uttam Galva Steel Ltd: Shares of the company closed 12.41 per cent up at Rs 33.05 after TV reports said the company may soon be put on the block soon as it debt stands at Rs 3,637 crore.

Setco Automotive: Setco Automotive Ltd has informed BSE that the National stock Exchange of India Limited has granted its Listing permission to list and admit the equity shares of the company on its bourse with effect from July 1, 2016 under Symbol Code: SETCO. Stocks of the company closed 8.52 per cent up at Rs 52.85

Read more: How stock markets performed today

Sree Sakthi Paper Mills: The company on Wednesday informed bourses that in compliance of directions dated June 27, 2016 received from Kerala State Pollution Control Board, Environmental Surveillance Centre, Ernakulam- 683501 to stop the operation of the unit and to stop the discharge of effluenct into river, the company has stopped production at the Kraft paper unit I & II at Edayar from June 28, 2016 evening. Stocks of the company settled 7.28 per cent up at Rs 8.55.

UCO Bank: State-run UCO Bank, which posted a net loss in the previous financial year on account of high provisions to cover bad loans, is expected to return to profitability by the next fiscal. Stocks of the company closed 3.82 per cent up at Rs 43.50.

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